Needham & Company Maintains a 'Buy' on Scripps Networks (SNI); 4Q11 Earnings Preview

Needham & Company maintains a 'Buy' on Scripps Networks Interactive (NYSE: SNI) price target of $62.00.

Analyst, Laura Martin, said, "We expect highlights in the quarter to include: Double digit revenue and profitability growth expected in Lifestyle Media Division. 4Q11 Lifestyle Media results are expected to include 10% y/y revenue growth to $553mm, and 17% y/y segment profit growth to $266mm. We expect 12% y/y growth in Advertising revenue to $397mm reflecting solid ratings during the quarter, and 5% y/y growth in Network Affiliate Fees to $146mm."

For an analyst ratings summary and ratings history on Scripps Networks Interactive click here. For more ratings news on Scripps Networks Interactive click here.

Shares of Scripps Networks Interactive closed at $43.31 yesterday.

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